Sculptor Capital LP recently announced the acquisition of new stake in Rigel Resource Acquisition Corp. (NYSE:RRAC). The institutional investor has increased its shareholding in the Financial company by 0.00% to 2.5 million shares with purchase of 100.0 shares. This fresh investment now brings its stake to 8.33% valued currently at $25.49 million. In addition, Millennium Management LLC raised its holdings by 0.38 million to 1.27 million shares. And Aristeia Capital LLC has lifted its position by 21.75% or 0.17 million shares – to 0.95 million shares.
With over 0.7 million Rigel Resource Acquisition Corp. (RRAC) shares trading Tuesday and a closing price of $10.32 on the day, the dollar volume was approximately $7.23 million. The shares have shown a positive half year performance of 4.24% and its price on 01/10/23 gained nearly 0.19%. Currently, there are 37.50M common shares owned by the public and among those 30.00M shares have been available to trade.
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The top 3 mutual fund holders in Rigel Resource Acquisition Corp. are Calamos Market Neutral Income Fun, Picton Mahoney Fortified Arbitrag, and TOPS Market Neutral UCITS FUND. Calamos Market Neutral Income Fun owns 2.0 million shares of the company’s stock, all valued at over $20.4 million. The company bought an additional 2.0 million shares recently to bring their total holdings to about 6.67% of the shares outstanding. Picton Mahoney Fortified Arbitrag bought 1400.0 shares to see its total holdings expand to 0.14 million shares valued at over $1.42 million and representing 0.46% of the shares outstanding. TOPS Market Neutral UCITS FUND bought 70914.0 shares to bring its total holdings to over 70914.0 shares at a value of $0.72 million. TOPS Market Neutral UCITS FUND now owns shares totaling to 0.24% of the shares outstanding.
However, the script later moved the day high at 10.32, up 0.19%. The company’s stock has a 5-day price change of 0.49% and 3.56% over the past three months. It has a 12-month low price of $9.80 and touched a high of $10.33 over the same period. RRAC has an average intraday trading volume of 116.94K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.73%, 1.65%, and 3.20% respectively.
Institutional ownership of Rigel Resource Acquisition Corp. (NYSE: RRAC) shares accounts for 92.10% of the company’s 37.50M shares outstanding. Mutual fund holders own 7.69%, while other institutional holders and individual stakeholders account for 74.88% and — respectively.
It has a market capitalization of $386.69M. The stock’s trailing 12-month PE ratio is 15.73, while the earnings-per-share (ttm) stands at $0.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.18% over the week and 0.21% over the month.
